The futures market’s choppy price action within relatively narrow price bands for the last several weeks is a sign that it is searching for price direction, something to drive prices out of their current ranges.It has been another, albeit minor, “Turnaround Tuesday” for grain futures markets, although soybean futures prices began to slip into the red as we wrote this about midway through the day session. The fact that futures price action for the last several Tuesdays seems to be the opposite from that of each preceding Monday is a strong signal that grain and soy prices presently lack direction. Turnaround Tuesdays are not unique. Grain and soy prices have been chopping back and forth in relatively tight ranges for many weeks with boring f...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.